Brazil’s public sector will roll up another big primary budget deficit in 2017, Planning Minister Dyogo Oliveira told reporters Wednesday. He said, “The deficit won’t be less than R$100 billion.” The expected 2016 deficit is an unprecedented R$170.5 billion. Primary budget figures do not include interest payments on debt. With such payments included, Brazil’s public sector deficit is expected to top R$500 billion this year and again next year. Oliveira said he will present Congress with a detailed budget plan for 2017 as early as next week. Brazil’s government is facing persistent deficits as the rise in government spending outstrips inflation. Meanwhile, revenues are declining due to an economic slump.
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